HomeClubs & OrganizationsAmerican Numismatic SocietyCoinWeek News Wire for August 26, 2016

CoinWeek News Wire for August 26, 2016

By Coinweek ….

CoinWeek News Wire for August 26, 2016

Brain Food

1.) Rare coins in rare places

While finding one or more rare coins in a totally unexpected location doesn’t happen very often, it does happen. Here are three stories about rare coins found in surprising spots

2.) Some interesting facts about Indian currency

The first rupee coin or sicca was minted in Kolkata and was circulated as the legal tender in the Mughal province of Bengal. The East India Company established the Calcutta Mint under a treaty with the Nawab of Bengal.

Presently, coins are minted at four India government mints at Mumbai, Alipore (Kolkata), Saifabad (Hyderabad), Cherlapally (Hyderabad) and NOIDA (UP)…

3.) Best Practices: Safeguarding Against Money Counterfeiters

Here are some measures to put in place to protect a business against counterfeiters

kew54.) The Kew Gardens 50p and other rare coins that could turn your small change into a fortune

The Royal Mint has given people a run for their money with a number of treasury mistakes that have resulted in the production of rare coins and interesting stories to go with them.

So while you might dismiss the shrapnel in your pocket as parking change, perhaps you should be taking a closer look at what it could be worth…

Current Events

5.) Help us identify coins, notes: Indian National Association for Blind

A public interest litigation (PIL) raising concerns over the difficulties faced by blind persons in identifying notes and coins has been filed in the Bombay High Court.

Joaquim Rapose, secretary of the National Association for Blind (NAB), has filed the PIL and sought directions for Reserve Bank of India (RBI) to make changes in the coins and notes, so that blind persons can identify them easily…

6.) Cupping and Coining OK for Olympians Now But Trigger Prosecution For Vietnamese

For years, Vietnamese arriving on U.S. soil have been warned not to engage in these folk remedies, lest they be falsely accused of child abuse. Children would arrive in school with skin marks from cupping or coining, and teachers would call the cops on the parents

Under the Radar

7.) Muthoot’s Kabali coins a big hit

Muthoot Fincorp, the flagship company of Muthoot Pappachan group, rode megastar Rajinikanth’s Kabali frenzy to sell 165 kg of silver coins embossed with the image of the wildly popular Tamil film star. The NBFC, which is the associate sponsor of Kabali and the exclusive on-ground merchandise partner, launched silver coins of 5 gm, 10 gm, 20 gm and 100 gm to celebrate the mega release of the movie

[For previous News Wire coverage of this story, click hereCoinWeek]

8.) Postal cover, coin, statue to mark Mother Teresa’s sainthood

A five-rupee commemorative coin issued by the Indian government in 2010 to mark the centenary birth celebrations of the legend will be engraved on the cover. This is a special feature as it combines the two collectible items of coins and stamps,” eminent philatelist Alok K Goyal, who designed the stamps, said.

Besides this, the Republic of Macedonia, where Teresa was born in 1910, has also announced to release a special gold-plated silver coin on the Nobel laureate…

9.) Holden fans hit Royal Australian Mint to score new coin collection

The collection of 11 colour-printed, uncirculated 50 cent coins each feature a classic car from the Australian manufacturer, from the 48-215 (FX) through to the Commodore

tokyoolympics202010.) Japan to mint coins to mark handover of Olympic hosting to Tokyo

Japan, which will host the 2020 Olympics and Paralympics, will mint two kinds of 1,000-yen ($10) coins to commemorate the handover of the hosting of the Games from Rio de Janeiro to Tokyo, the government said Wednesday

11.) Royal Mint rolls out Giant’s Causeway coins in special new collection

Glyn Davies and Laura Clancy started by painting the scenes in watercolour, before going through the painstaking process of engraving every last detail with the tools needed to strike the collectable coins…

12.) Circulating Commemorative coin to Be Issued in Early 2017 Honoring Fiji Rugby Olympic Gold Medal

The Reserve Bank of Fiji (RBF) governor, Barry Whiteside, said the RBF board of directors had, at its July 2016 meeting, approved the minting of a coloured commemorative circulation coin in limited quantities should Fiji win a gold medal at the Rio Olympics.

This, Mr Whiteside said, would be the first coloured commemorative circulation coin for Fiji…

Treasure News

13.) Rare silver coins found in Derbyshire declared treasure

The 10 coins were unearthed by several metal detectorists in 2014 and date from the reigns of King Stephen and King Henry II

Crime & Punishment

coin_crime_alert14.) NCIC Crime Bulletin

From the Numismatic Crime Information Center (NCIC):


Larry Briggs Rare Coins was the victim of a coin theft during the recent C.A.M.P Coin Show in Monroeville, Pennsylvania August 19-21.

Coins stolen include:

  1. 1841 $1.00 Choice BU, Details, Cleaned. Valued @ $ 1,250.00
  2. 1853 $1.00 AU Details, Cleaned. Valued @ $ 1,375.00
  3. 1853 $1.00 Original Toned AU/BU. Valued @ $ 2,400.00
  4. 1854 $1.00 Choice BU. Valued @ $ 13,500.00
  5. 1854 $1.00 AU 58+. Valued @ $ 13,750.00
  6. 1856 $1.00 AU 58. Valued @ $ 2,950.00
  7. 1856 $1.00 XF+ Details/Rev.Scratch. Valued @ $ 1,650.00
  8. 1861 $1.00 AU. Valued @ $ 4,250.00
  9. 1863 $1.00 Crude hole, plug. Valued @ $ 800.00
  10. 1870-CC $1.00 Baggy XF. Valued @ $ 3,500.00

Photos of coins (except coins three, eight and 10) can be viewed at www.larrybriggsrarecoins.com.

The suspect below has been identified in the theft. A WARRANT HAS BEEN ISSUED. The suspect has sold some of the coins in the Eastlake, Ohio area.

Larry Briggs Rare Coin Theft Suspect Charles Puri. Image courtesy NCIC

Charles J. Piuri
W/M 8/8/1957
AKA John Marx

Anyone with information about the case above should contact Detective White
at the Monroeville Police Department, (412) 317-5038.

Additionally, you may also contact the NCIC’s Doug Davis at (817) 723-7231 or [email protected].

* * *

Burglary Allgood Coin Shop

St. George, Utah Detectives are investigating the burglary of the Allgood Coin Shop that occurred in the early hours of August 22, 2016.

The following is a list of stolen coins:

1893 S Morgan Dollar NGC Fine | 1909 S VDB Lincoln Cent NGC XF | 1909 S VDB Lincoln Cent NGC MS61 | 1909 S VDB Lincoln Cent NGC MS63 | 1955 Double Die Lincoln Cent NGC AU55 | 1972 Double Die Lincoln Cent NGC AU | 1877 Indian Cent NGC Fine | 8-Buffalo Nickels PCGS AU-MS65 | 17- Standing Liberty Quarters PCGS AU-MS66 | 14-Seated Quarters PCGS Fine-AU | 96- Morgan Dollars PCGS a few NGC MS63-MS65 mixed dates | 20- Morgan Dollars Carson City PCGS & NGC MS63-MS65 | 36- Peace Dollars PCGS some NGC MS62-MS65 full run | 48-Peace Dollars raw 2×2 VF-MS63 full run | 260- Morgan & Peace Dollars raw VG-AU | 192 raw 1 1/2×1 1/2- 1/2 cents | Large cents | 3 cents | V Nickels | Buffalo Nickels | Barber Dimes | Barber Quarters | Barber Halves | Seated Dimes | Seated Quarters mix | 12-Bust Half’s 1812-1834 PCGS VF-AU | 30- mix Bust Half’s | Bust Dollars | Trade Dollars | Seated Dollars XF-VG raw 1 1/2x 1 1/2 holder | 5-Commemorative 50cent 3NGC, 2PCGS | 3piece 2006 Silver Eagle Set PCGS | 28-Silver Eagle Proofs 1986-2015 | 1,160 Silver Eagles Unc. 2 tubes of each year 1986-2016 | 32- 10oz Silver Bars | 25- 5oz Silver Bars | 20- 1 oz Silver Bars | 25- 1oz Silver Cougar Canada | 50- 1oz Silver Maple Canada | 100- 1oz Silver Britannica Rounds | 500- 1oz Silver Rounds | 10- clear rolls 90% Silver Dimes | 10- clear rolls 90% Silver Quarters | 10- clear rolls 90% silver Half Dollars

Anyone with information should contact Detective Josh Wilson at (435) 627-4317 or the NCIC’s Doug Davis at (817) 723-7231 or [email protected].

The Numismatic Crime Information Center is a 501 (c)(3) non-profit corporation. P.O. Box 14080 Arlington, Texas 76094.


15.) Victims lose $80 million in collector coins scam

His name is Joseph Romano and federal authorities say he turned the sedate hobby of coin collecting into a massive scam that bilked victims for more than $80 million

16.) Bulgarian police arrest man over illegal possession of ancient coins

[S]ince October 2015, actions against illegal treasure-hunting, acquisition, storage, sale and trafficking in objects of cultural and archaeological significance had led to the prevention of the illegal export of more than 1400 such objects

Counterfeit Cavalcade

17.) Counterfeit cash circulating in Wellington

Police are warning fake $50 notes could still be circulating throughout wider Wellington following the crackdown on a counterfeit scheme.

Earlier this month there were six reports of offenders using fake money to purchase goods before returning them to another store in exchange for legitimate bank notes…

Banknote News

18.) New high value polymer banknote for Gibraltar

As announced at last August’s commemoration of the birth of Sir Joshua Hassan, the government of Gibraltar is to issue a new polymer £100 banknote featuring an image of Sir Joshua.

Not only will this be the first ever legal tender £100 sterling banknote to be produced in polymer, it will also be Gibraltar’s first sterling banknote to be produced in this material. The note will have a smoother feel than traditional banknote paper but it will be more durable and will stay cleaner for longer…

19.) De La Rue’s exclusivity clause scrapped in pact

The [Kenyan] government has struck out the exclusive 10-year bank note printing contract condition for De La Rue, after signing a joint venture deal to buy 40 per cent stake in the firm

20.) The new wooden 200-rubles banknote appeared in the Kazan Kremlin

The monument to 200-ruble banknote was installed in the Kazan Kremlin. It was created in honor of the future banknote of nomination at 200 rubles. The wooden banknote will be installed in front of the Cannon yard and the Kul Sharif Mosque until the end of the campaign in [support] of Tatartsan as a symbol on the new banknote

debt_cash_cart21.) Inside the vault at the Charlotte Federal Reserve branch cash is still king

Making a payment on a phone is becoming more popular, but the Federal Reserve Bank of Richmond’s Charlotte branch is proof that there’s still a need for cold hard cash. Inside the branch, which spans an entire city block across from Time Warner Cable Arena, millions of dollars in bills are kept underground in a three-story vault encased in steel. That money is shipped daily by armored vehicles to and from North and South Carolina banks with agreements to store it at the Fed

Bullion & Precious Metals

22.) Who Really Owns the U.S. Gold Reserves?

Earlier this month, presidential hopeful Donald Trump announced his new 13-member economic advisory team.

Among those selected was Dr. Judy Shelton, a senior fellow and co-director of the Atlas Sound Money Project

23.) Venezuela’s Gold Reserves Tumble 25% Amid Economic Crisis

Venezuela’s international gold reserves slumped 25 percent in the first half of the year as the country’s foreign currency crisis deepens.

The holdings fell to $7.5 billion in June from $10 billion at the end of last year, according to financial statements published by the central bank this week on its website. The drop surpasses the 16 percent decline estimated by the International Monetary Fund

24.) The Law That Lets The Aussie Government Come After Your Gold

However you feel about Aussies’ lack of gold holdings, it does make it pretty much pointless for the government to raid Aussies’ personal gold holdings. Because, clearly, we don’t even bother with it.

But there is one dormant clause that could see the Aussie government walk away with more gold than any other country in the world

Museums & Exhibits

25.) Central Bank of Kenya to showcase old currencies

Central Bank of Kenya will next month hold an exhibition to showcase historical and present currencies in the country as part of celebrations to mark 50 years of its existence

26.) Malmesbury Museum announces heritage lottery funding for coin hoard project

A MUSEUM in Malmesbury has been granted £47,100 from the Heritage Lottery Fund to help with the conservation and display of the Malmesbury Coin Hoard.

The Athelstan Museum acquired the hoard, which consists of 1266 early fourth-century Roman copper alloy coins, in March 2012 through generous donations and grants after a metal detectorist discovered the coins in 2012…

Clubs & Organizations

27.) Darke County Coin Club Donates to Library

The Darke County Coin Club recently donated a generous check to the Greenville Public Library to buy 16 new books on coins and coin collecting, plus seven DVDs on the subject. Some of the titles include Coin Collecting for Fun and Profit, The Expert’s Guide to Collecting & Investing in Rare Coins, Numismatic Art in America, and The Secret History of the First U.S. Mint…

American Numismatic Society News

28.) Annual Meeting

The Society’s 159th annual meeting will be held on Saturday, October 29, 2016 at 3:00 pm. Officers of the Board of Trustees and staff will make remarks and presentations, and the election of Trustees will be held. A new exhibition will be on display.

29.) Numismatic Literary Guild Awards

ANS Publications was honored by the Numismatic Literary Guild (NLG) at the American Numismatic Association’s (ANA) 2016 World’s Fair of Money (August 9–13), winning three awards, and earning four honorable mentions:

Winner, Best World Paper Money Book: Michael Bonine, The Banknotes of the Imperial Bank of Persia: An Analysis of a Complex System with Catalogue

Winner, Best Website Token and Medal Article: “Emancipatory Day Token: Sarah Ann Proud” on the ANS Pocket Change blog, by Matt Wittmann

Winner, Clement F. Bailey Memorial Award, Best New Writer: Lara Fabian, for her ANS Magazine article, “The Starosselsky Collection: Imperial Histories and Cultural Currencies”

Extraordinary Merit went to Christopher McDowell (Colonial Newsletter editor) for his book, Abel Buell and the History of the Connecticut and Fugio Coppers; Scott Miller for Medallic Art of the American Numismatic Society, 1865–2014; and to Nathan Elkins for Monuments in Miniature: Architecture on Roman Coinage.

Extraordinary Merit also went to David Hill, ANS Francis D. Campbell Librarian, for his ANS Magazine column, “Archives.”

30.) Oldest ANS Member Passes Away

On August 1, 2016, Léon Lacroix passed away at the age of 106 years.

Born on November 23, 1909, Lacroix was Professor of Archaeology and Art History at the University of Liège in Belgium. He was a well-known expert on the iconography of Greek coinage. He is perhaps remembered best for his book on statues on coins, Les Reproductions de Statues sur les Monnaies Grecques: La Statuaire Archaïque et Classique, which appeared in 1949 and is still frequently cited by scholars. Professor Lacroix was an emeritus member of the Académie royale des Sciences, des Lettres et des Beaux-Arts de Belgique. Léon Lacroix had been a Corresponding Member of the American Numismatic Society, which he joined over 70 years ago, having been elected as an Associate Member in 1946…

Upcoming Auctions & Events

31.) New October ANS Lecture

On Tuesday, October 11, the ANS will host Dr. Nikolaus Schindel of the Austrian Academy of Sciences, who will present his lecture “Coinage and Local Elites in Sasanian Iran.” Please RSVP to this lecture by calling (212) 571-4470, ext. 117 or emailing [email protected]

32.) Stephen K. Scher Lecture

Mark your calendar: Thursday, October 6, 6:00 PM – the 2016 Stephen K. Scher Lecture. This years’ lecture will feature Dr. Ulrich Pfisterer who will present, “Chardin’s Apes: Numismatics and the Science of Observation.”

The lecture will be held in the Lecture Hall at the Institute of Fine Arts, New York University, 1 East 78th Street, New York City. A reception will follow. You must RSVP for this event online or contact the Membership Department at (212) 571-4470, ext. 117.

33.) Westford Monthly Coin Show

Join us this Sunday, August 28 in Westford, Massachusetts at the Westford Regency for our monthly coin show. Hours are 9 AM to 3 PM.

Very full show this month with six new dealers, four of which are from the NY/NJ area. You don’t want to miss it!

34.) Mark M. Salton Memorial Lecture

Dr. Andrew M. Burnett, former Director at The British Museum and ANS Trustee, will present the 2016 Mark M. Salton Memorial Lecture, “Roman Coins, Money and Elizabethan Society: an Unknown Work by Sir Thomas Smith.” The Salton Memorial lecture will take place at the ANS headquarters in New York City on Thursday, October 27, 2016 at 6:00 pm. A reception will begin at 5:30 pm. Reservations are required – RSVP to [email protected] or (212) 571-4470, ext. 117.

Worthy Additions to Your Library

35.) Book publication “Standard Catalog of Rothschild Gold Bars 1852-1967”

The historic gold bars of N M Rothschild & Sons London are known, sought and collected throughout the world. Who delves into these rare pieces quickly realizes, that there is, generally as to gold bars, little information about it. There is no literature and a maximum of pictures to the well-known 50 g and 100 g bars on the Internet.

The catalog appearing from late August self-published shall put things right now…

World of the Weird

36.) Return Of Belarusian Kopeks Brings Currency Risk

The choking threat posed by small coins had not been much of an issue in Belarus after the country went exclusively to paper currency following the collapse of the Soviet Union.

But the shiny new coins that Belarus began circulating on July 1 have proven to be an irresistible temptation for young children prone to putting small objects in their mouths…

37.) Ancient coin banned from eBay due to Nazi-like symbol

An auction of a Thracian coin – minted in the city of Apollonia Pontica (in modern-day Bulgaria) in the 4th or 5th century BC – was halted by eBay on the grounds the listing was ‘hateful or discriminatory’

* * *

Follow CoinWeek on Facebook logo and twitter logoSubscribe to CoinWeek’s YouTube channel.


US Olympic Commemorative Coins Currently Available on eBay


Coinweek is the top independent online media source for rare coin and currency news, with analysis and information contributed by leading experts across the numismatic spectrum.

Related Articles


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Dillon Gage Precious Metals Depository